Gold has rarely been a hotter trade, but the world’s two most important markets remain out of sync. In New York, the price of gold topped $1 750 for the first time in seven years on April 9. In London, it still hasn’t caught up.
The dislocation first …
Nervous bankers leave the gold market stuck in disconnect Read More »
The Democratic Republic of Congo will begin a massive public-health information campaign for hundreds of thousands of hand-miners as part of a plan to offset the impact of the coronavirus pandemic on its key cobalt and copper industry.
The proposals a…
Congo enacts plan to blunt virus impact as cobalt exports slump Read More »
Gold could top $2 000 an ounce and will remain elevated over the next five years as the global economy contends with the impact of the coronavirus pandemic, according to the head of Newmont, the world’s top miner of the precious metal.
“The level of s…
Gold giant Newmont says metal could top $2 000 on virus stimulus Read More »
When workers at Agnico Eagle Mines report back to work today at the LaRonde gold mine in Quebec’s Abitibi region, they’ll arrive in staggered groups at three separate entrances. Before they’re allowed in, a nurse will take their temperatures and give t…
With baby steps, Canada’s provinces prepare for a return to work Read More »
A number of miners, including some giants of the industry, have been forced to halt or curtail production and processing as governments worldwide implement measures to stem the spread of the coronavirus.
Unprecedented disruptions to operations and sup…
Mine shutdowns hang over market even as some look to restart Read More »
Zambia raised the stakes in its fight with Glencore Plc, threatening to strip the company of its copper mines in the southern African country.
Glencore said last week it needs to close shafts at Mopani Copper Mines due to falling metal prices, disrupt…
Glencore feud deepens as Zambia moves to revoke copper mines Read More »
The global health crisis has deepened financial troubles at one of China’s biggest producers of lithium used in electric vehicle batteries.
The pandemic is set to batter this year’s demand for the material that’s vital in powering new energy transport…
China’s EV slowdown deepens debt woes at top lithium supplier Read More »
The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year.
The remote, jungle-covered nation of Guyana will enjoy by far the world’s fastest expansion, and will be…
World economy may be crashing but Guyana still seen growing 53% Read More »
Gold extended a rally to hit the highest level in more than seven years on concern that the coronavirus pandemic will have a devastating effect on the global economy, hammering corporate earnings while supercharging demand for havens.
Bullion has soar…
Gold’s powerful rally brings $1 800 into view as spreads yawn Read More »
Oil surrendered gains after rising in early trading as investors weighed whether an unprecedented deal by the world’s biggest producers to cut output would would be enough to steady a market pummeled by the coronavirus.
Futures in London were down 0.4…
Oil little changed after historic Opec+ deal to cut production Read More »
